Bank of england
John Redwood seems to argue that disaster for the global economy could have been averted if central banks had raised interest rates more slowly. That’s a big and quixotic claim.
The economists who object to George Osborne’s policy are both right and wrong. Annoying and perhaps inevitable as this is usually the case in matters of practical economics. I appreciate it requires explanation.
Those who were even more laissez faire than Gordon Brown and Tony Blair in the boom shouldn’t be allowed to get away with rewriting history now and presenting themselves as unheeded prophets. Thankfully, with Redwood at least, we have the paper trail to show that he was no such thing.
To me, much the most interesting piece of news today is the bank of England’s; figures on “housing equity withdrawal”.
If only they televised the Bank of England’s Monetary Policy Committee. Non middle aged men in suits arguing about monetary policy mightn’t sound like your ideal viewing, but forget the jargon and the data sets – this is real human drama played out for the highest possible stakes.
Think mad men. Think massive egos. Thinks some [...]
Andrew Sentance is the member of the Bank of England’s monetary policy committee who has been calling longest and loudest for an interest rate hike, and he screeched some more yesterday.
Having resigned in disgust over the bankers’ deal with the Government, the Lib Dems’ former Treasury spokesman in the Lords may take on the saintly Vince’s old mantle as the voice of reason and decency on the banks.
For most folk most of the time the Chartered Institute for Purchasing and Supply doesn’t get the pulse rating, but it is not to be underestimated, and especially for the window on the economic future it offers us. Their surveys of managers at the “sharp end” usually give a fairly good idea of where we [...]
It’s worth taking a long, cool look at the Bank of England’s latest numbers, which are comprehensive, and are especially awful for a couple of reasons.
For Bank of England watchers the key thing that arises from the minutes of the last Monetary Policy Committee meeting, out this morning, is that perma Hawk Andrew Sentance has gained an ally – Martin Weale, the very sensible ex head of the National Institute for Economic and Social Research.
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